S&P (e-mini) DOW 12th August 2008 Recap

S&P Daily and 5-day pattern

Resistance around the Weekly highs and monthly 50% level, and as pointed out into the Weekly report.....

Ideally the best set-up for a continuation higher is for a 're-test' of the Weekly 50% level before any new uptrend continues....

And this looks like what's occurring....


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